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SPDR S&P 500 ETF TRUST

$SPY Monthly Chart with MACD Crossovers Says "Risk Off"

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MACD crossovers on the monthly chart have been a reliable indicator of impending trend change (long term). A downward crossover happened last month, indicating that the odds of a correction have increased. For me, it means "Risk Off" until I see an upward crossover. Until that happens, I will be in cash. Consistently using this long term indicator would increase returns beyond simple buy and hold.
ballhawker
Moving Average Convergence / Divergence (MACD)Monthly ChartsOFFriskSPDR S&P 500 ETF (SPY)

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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Moving Average Convergence / Divergence (MACD)Monthly ChartsOFFriskSPDR S&P 500 ETF (SPY)
ballhawker

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.